35916 Rice Canyon Road, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath

35916 Rice Canyon Road
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 35916 Rice Canyon Road, Fallbrook, California 92028 is currently available with a list price of $1,060,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The main house, built in 1979, has been extensively updated, particularly in the kitchen and bathroom, which feature modern cabinets, countertops, stainless steel appliances, and contemporary fixtures. The interior boasts consistent laminate wood flooring and updated lighting throughout, presenting as move-in ready with minimal wear and tear. While the log-style architecture provides a rustic charm, the interior elements reflect recent renovations, aligning with the 'good' category's criteria for properties extensively renovated within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 909968, living area = 1536.
- Expansive & Versatile Acreage
The property boasts 20.89 acres of picturesque rolling hills, offering vast potential for agricultural expansion (grapevines, avocados) and additional construction like AirBnB tiny homes.
- Multiple Income Streams
Currently generates income from a rented main house and an exotic fruit farm, with significant potential for further revenue from agricultural ventures and future AirBnB units.
CONSRISKS & DEFICIENCIES
- Fixer-Upper Mobile Home
The property includes a mobile home explicitly described as a 'fixer-upper,' indicating a need for substantial renovation or removal.
- Regulatory Uncertainty for Development
Potential for additional construction (e.g., AirBnB tiny homes) is subject to city ordinances and requirements, which may involve unforeseen complexities or delays.
- High Maintenance Demands
The extensive 20.89-acre property, especially with agricultural operations and rolling terrain, will require significant ongoing maintenance and management.
About 35916 Rice Canyon Road
Breathe easy as you relax and unwind at your quaint single-story log-style home featuring a stunning panoramic view. With 20.89 acres of picturesque rolling hills, this mini-ranch offers endless possibilities for enjoying the wonders of nature and for generating different sources of income. Currently, a portion of this mini-ranch is being developed as an exotic fruit farm featuring a number of exotic fruits such as guava, Australian custard apple, Israeli custard apple, banana, orange, peach, jujube, java, sapote, mango, longan, tangerine, berry, berry, rolia, lemon, and sakara flower. The rolling hillsides have great potential to nurture grapevines or avocados for personal enjoyment or additional income streams. The main house is a perfect mix of contemporary and rustic architecture, featuring all the country charm paired with the perfect amount of modern luxury. The spacious main house features 3 bedrooms, 2 bathrooms, and a side deck and patio with a picturesque panoramic view. This house is also currently rented providing another source of income stream. The property also features a detached 2-car garage, a fixer-upper mobile home, and boundless space for the potential additional construction of AirBnb tiny homes. Please check with the city for any updated ordinances and/requirements. This huge parcel is also currently home to a number of farm animals, including chickens, peacocks, egg-laying geese, and dogs. Nevertheless, there is plenty of room on these extensive acres for animals like horses, goats, alpacas, and fish.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 909,968 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 1,536 | 2,281.5 | 15% |
| Lot Size | 909,968 | 27,007.1 | 99% |
| Price | $1.06M | $917.5K | 62% |
| Price per sq ft | $690 | $423 | 97% |
| Built year | 1979 | 1991 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 271 | 179 | 86% |
Pricing History
Listed for Sale
Jun 9, 2025
$1,060,000
Initial Listing








































